Boro is a mobile financing app for college students who are discriminated against by mainstream lenders. Founded in 2015, Boro's proprietary non-FICO loan application process helps students obtain microloans and build their credit, even without a prior credit history or even a social security number. Boro loans help cover the small but critical expenses - like textbooks, class fees, groceries, and test prep materials - that can snowball and force students to drop out, leaving them with student debt but no degree.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 03/18/20 | $12,000,000 | Series A |
LexinFintech | undisclosed |
